WHEAT

- July 13 - Japan seeks 93,765 MT of food wheat for Aug-Sept shipments:

  • 10,080 MT of western white US wheat;
  • 17,775 MT of hard red winter US wheat;
  • 35,045 MT of dark northern spring US wheat;
  • 30,865 MT of Australian standard white wheat

- July 11 - The lowest offer in Bangladesh’s tender for 50,000 MT of wheat came in at 259.57 $/mt CIF for Russian wheat. The only another offer was quoting at 263.85 $/mt

- July 11 - China sold 9,194 MT of wheat from state reserves or 0.3% of the offered amount (3,034,218 MT) at auction at average price of 2,457 RMB/mt (361 $/mt)

- July 11 - China auctioned 3,566 MT of imported wheat from state reserves, or 2.8% of the offered amount (127,786 MT) at average price of 2,539 RMB/mt (373 $/mt)

- USDA estimated 67% of the wheat harvest was complete by July 9, matching an average of analysts' expectations and above last year’s pace of 65% and 5-year mean of 65%

- USDA rated 35% of the US spring wheat crop in good-to-excellent condition as of July 9, down from 37% a week earlier and vs. 70% a year-ago, but in line with analysts' expectations

- US wheat export inspections for week, ending July 6, recorded 533,872 MT, within pre-report expectations. Inspections for 2017/18 are running 25.7% ahead of year-ago

- Australia has had the driest start to winter since the 1940s, putting the country's wheat crop at risk

- Conab raised its Brazil's 2017 wheat crop estimate to 5.578 MMT from 5.206 MMT in June, down vs. 6.727 MMT in 2016. They expect wheat imports this year at 7 MMT, up from 6.92 MMT in 2016

- Russian farmers harvested 5.75 MMT of wheat from 4.4% of the planned area as of July 11, down from 9.77 MMT a year ago. Yields totalled 4.64 mt/ha up from 4.54 mt/ha a year ago

- Ukrainian farmers harvested 1.4 MMT of wheat from 7% of the planned area as of July 11, down from 2.5 MMT a year ago. Yields totalled 3.32 mt/ha versus 3.7 mt/ha a year ago

CORN

- July 11 - Taiwan's MFIG group bought 65,000 MT of Brazilian corn at a premium of 68.37 USc/bushel c&f over the Chicago December 2017 contract (around 188.9 USD/mt, c&f) for Sept 16-Oct 5 shipment

- July 10 - Argentina registered 282,000 MT of corn for export

- July 10 - Argentina registered for export 9,800 MT of malting barley and 16,000 MT of malt

- USDA rated 65% of the US corn crop as good-to-excellent as of July 9, down 3% points from the previous week and behind the average of analyst expectations (76%), also down compared to 76% a year-ago

- US corn export inspections for week, ending July 6, reported 1,010,889 MT, within market forecasts (0.8-1.1 MMT). Inspections for 2016/17 are running 36.6% ahead of year-ago

- Conab raised its forecast for Brazil's 2016/17 corn crop to 96.025 from 93.836 MMT in June, sharply higher than 66.531 MMT last season with second crop at 65.629 MMT (40.773 MMT in 2015/16). Conab upped its forecast of Brazilian corn exports in 2016/17 by 2 MMT to 28 MMT (18.883 MMT in 2015/16). Ending stocks are forecasted to climb to 20.424 MMT from 7.999 MT in 2015/16

- Russian farmers harvested 2.08 MMT of barley from 6% of the planned area as of July 11, down from 2.29 MMT a year ago. Yields totalled 4.33 mt/ha up from 4.08 mt/ha a year ago

- Ukrainian farmers harvested 2 MMT of barley from 26% of the planned area as of July 11, down from 3.3 MMT a year ago. Yields totalled 3.21 mt/ha down from 3.36 mt/ha a year ago

- Ukrainian farmers harvested 294 TMT of peas from 32% of the planned area as of July 11, up from 229 TMT a year ago. Yields totalled 2.38 mt/ha versus 3.07 mt/ha a year ago

SOYBEAN

- July 10 - Argentina registered for export 130,000 MT of soybeans and 124,000 MT of soymeal

- Pakistan recently bought about 122,000 MT of Canadian canola at 430-436 $/mt c&f

- USDA rated 62% of the US soybean crop as good-to-excellent as of July 9, down 2% points from prior week and behind an average of analyst expectations of 63% and down compared to 71% a year-ago

- US soybean export inspections for week, ending July 6, reported 475,157 MT, topped market expectations. Inspections for the 2016/17 marketing year are running 17.7% ahead of year-ago

- Conab forecasts Brazil's 2016/17 soy output at a record 113.93 MMT, almost unchanged from previous forecast of 113.923 MMT, up from 95.435 MMT last year. Conab kept its forecast of Brazilian soybean exports in 2016/17 at 63 MMT (51.588 MMT in 2015/16). Ending stocks are forecasted to rise to 5.425 MMT from 1.476 MMT in 2015/16

- Safras & Mercado says Brazilian farmers sold 67% of the record 2016/17 soybean crop by July 7 versus 82% last year and vs. 5-year average pace of 80%

- Ukrainian farmers harvested 235 TMT of rapeseed from 14% of the planned area as of July 11, down from 249 TMT a year ago. Yields totalled 2.1 mt/ha versus 2.44 mt/ha a year ago

- Russian farmers harvested 69,000 MT of rapeseed from 3.4% of the planned area as of July 11, down from 72,300 MT a year ago. Yields totalled 1.95 mt/ha vs. 1.93 mt/ha a year ago

- Malaysia said it may review its trade with France and cut buying of French products following a move by France to limit the use of palm oil in biofuels